The Conservative Cave
Current Events => General Discussion => Topic started by: Alpha Mare on March 09, 2010, 07:22:50 PM
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The 'KC Schools' thread reminded me about this.
While the California teachers' unions are effectively destroying one school system after another, an alert commenter pointed me to some even more shocking news from Illinois. Their pension system for educators is -- if you can believe it -- even farther off the reservation.
Using actuarial calculations from the Teachers' Retirement System (TRS), Champion News reports that the total estimated pension liability for the top 100 retirees will equal...
(http://www.championnews.net/admin/jscripts/tiny_mce/plugins/imagemanager/files/Administrators_Salaries_and_Pensions_top100.JPG)
$887,925,790.00
You read this right. The top 100 retirees, by themselves, will cost Illinois taxpayers nearly one billion dollars.
http://directorblue.blogspot.com/2010/02/did-you-think-california-teachers.html
http://www.championnews.net/article.php?sid=1023
:censored: :banghead: :bird:
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I saw not ONE person on there with a salary of under $200K. And these asshole have the nerve to claim they're UNDERpaid?
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If I'm not mistaken, those are defined benefit plans. The left wants to complain about corporate retirement plans, but these cost tax payers much more.
I saw not ONE person on there with a salary of under $200K. And these asshole have the nerve to claim they're UNDERpaid?
Granted, most are probably administrators, albeit very overpaid administrators.
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Granted, most are probably administrators, albeit very overpaid administrators.
That's what I'm thinking, those seem more like Superintendant-level salaries, the lowest is about double what I'd expect for even very senior actual teachers.